On June 24, 2026 (GMT-5), XAG/USD extended its sharp decline and hit a fresh three-week low amid persistent hawkish Fed pricing, trading within a daily range of $60.78 to $62.59, opening at $62.41 and closing near $61.06 with a daily loss of roughly 2.5%. Renewed strength in the U.S. dollar and rebounding Treasury yields lifted the opportunity cost of holding non-yielding silver, while further easing of Middle East geopolitical tensions eliminated residual safe-haven buying. Downbeat industrial demand forecasts and continuous liquidation of long silver positions intensified bearish momentum; only modest technical dip-buying emerged to cap deeper losses without triggering any meaningful rebound during the session.Bearish outlook for the market tomorrow; target level: 57.32.

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